IPOs from the NFL

Vernon Davis, the starting tight end for the San Francisco 49ers, is the second National Football League (NFL) player after Adrian Foster of the Houston Texans to sign up for an IPO through Fantex, a sports marketing and management firm. Fantex plans to buy 10 percent of Davis’ future earnings for $4 million and then sell independent investors shares in a tracking stock linked to his economic performance. Economic performance is defined here as the value of playing contracts, corporate endorsements and appearance fees. While there’s initial excitement over the new idea, Wall Street’s warning individual investors of the inherent risk associated with these investments — as a significant injury to the “underlying asset” could destroy its future value. Stay tuned.

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Jim Woods

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Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

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Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

With decades of Wall Street experience, we publish investment newsletters and website articles offering advice on the best stocks, options, ETFs and mutual funds to invest in for both dividends and capital gains.